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Please help with premium bond amortization DERIT CREDIT GRADE aan lom10000 of bonds at price of LINE DATE GENERAL JOURNAL /1/17 Jackson Company issued $100,000

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DERIT CREDIT GRADE aan lom10000 of bonds at price of LINE DATE GENERAL JOURNAL /1/17 Jackson Company issued $100,000 of bonds at a price of 103.00% of face value The bonds have a maturity of three years and an interest rate of600%. 2/31/17 Make the first interest entry. Debit Interest Expense debit Premium on Bonds Payable, crodit Cash 12/31/18 10 /31/18 Make the second interest entry 12 13 12/31/ 14 15 16 17 2/31/19 Make the third interest entry 2/3119 Make the entry to pay off the face amount of the bonds at the end of year 3 19 20

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